Insider Activity: Renasant Corp. (NASDAQ:RNST)’s director Niles Mcneel Unloaded 10346 shares of the Company

November 23, 2016 - By Peter Kolinski

Insider Activity: Renasant Corp. (NASDAQ:RNST)'s director Niles Mcneel Unloaded 10346 shares of the Company

Niles Mcneel Insider Sell

Niles Mcneel, the director of Renasant Corp made deal for 10,346 shares with an average share price of $39.7 in the Mississippi-based Renasant Corp, that are worth $410,529 U.S. Dollars. This stocks unloading decreased his ownership of the Company to 0.06% market cap or 28,028 shares.

Renasant Corp. (NASDAQ:RNST) Ratings Coverage

Out of 4 analysts covering Renasant (NASDAQ:RNST), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $40 is the highest target while $38 is the lowest. The $38 average target is -7.11% below today’s ($40.91) stock price. Renasant has been the topic of 6 analyst reports since October 22, 2015 according to StockzIntelligence Inc. On Thursday, October 22 the stock rating was downgraded by Stephens to “Equal Weight”. The firm earned “Outperform” rating on Monday, September 12 by Raymond James. The stock of Renasant Corp. (NASDAQ:RNST) earned “Buy” rating by Hilliard Lyons on Thursday, April 28. On Thursday, January 21 the stock rating was upgraded by Hilliard Lyons to “Long-Term Buy”.

The stock increased 2.66% or $1.06 during the last trading session, hitting $40.91. About 192,886 shares traded hands or 10.37% up from the average. Renasant Corp. (NASDAQ:RNST) has risen 21.76% since April 21, 2016 and is uptrending. It has outperformed by 16.43% the S&P500.

Renasant Corporation is a bank holding firm that owns and operates Renasant Bank and Renasant Insurance, Inc. (Renasant Insurance), a subsidiary of the Bank with activities in Mississippi. The company has a market cap of $1.73 billion. The Firm operates through three divisions: Community Banks segment, Insurance segment and Wealth Management segment. It has a 19.17 P/E ratio. The Community Banks segment offers a range of banking and financial services to individuals and small to medium-sized businesses.

According to Zacks Investment Research, “Renasant Corporation is the parent of Renasant Bank and Renasant Insurance, Inc.”

More notable recent Renasant Corp. (NASDAQ:RNST) news were published by: Marketwatch.com which released: “Renasant downgraded to outperform from strong buy at Raymond James” on February 06, 2010, also Prnewswire.com with their article: “Renasant Corporation Announces Pricing Of Subordinated Notes” published on August 18, 2016, Prnewswire.com published: “Renasant Corporation and KeyWorth Bank Announce Definitive Merger Agreement” on October 20, 2015. More interesting news about Renasant Corp. (NASDAQ:RNST) were released by: Bizjournals.com and their article: “Renasant Corp. acquires Heritage Financial Group for $258 million” published on December 11, 2014 as well as Streetinsider.com‘s news article titled: “Renasant Corp. (RNST) Declares $0.18 Quarterly Dividend; 1.9% Yield” with publication date: November 15, 2016.

RNST Company Profile

Renasant Corporation, incorporated on November 10, 1982, is a bank holding firm that owns and operates Renasant Bank (the Bank), a Mississippi banking association with activities in Mississippi, Tennessee, Alabama and Georgia, and Renasant Insurance, Inc. (Renasant Insurance), which is a subsidiary of the Bank, with activities in Mississippi. The Firm operates through three divisions: Community Banks segment, Insurance segment and Wealth Management segment. The Community Banks segment offers a range of banking and financial services to individuals and small to medium-sized businesses. The Insurance segment includes an insurance agency offering all lines of commercial and personal insurance through major carriers. The Wealth Management segment offers a range of fiduciary services, which includes the administration and management of trust accounts, including personal and corporate benefit accounts, self-directed individual retirement accounts (IRAs), and custodial accounts. In addition, the Wealth Management segment offers annuities, mutual funds and other investment services through a third-party broker-dealer.

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